TTB Issues Initial Guidance on Wine Excise Tax Reduction

Jan 12, 2018

TTB has issued initial guidance on how wineries should comply with the recently enacted cuts in federal excise taxes (FET) on wine. The new reduced FET rates went into effect on Jan. 1 of this year and wineries can use these new rates when they begin filing their Excise Tax Return forms. Wineries should use the existing forms to file their returns and may continue to do so on paper or through pay.gov. It is anticipated that TTB will need to issue further guidance on the new tax changes in the future.